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Price Increases?

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Old Mar 5, 2005 | 12:47 PM
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Default Price Increases?

Right now I have a 2001 C5 and more than enough money in the bank to cover the difference if I trade for a C6. But the price of the C6 has already increased and will probably continue to rise. Based on the history of the C5, can you give a guess on how much the C6 price will increase each year over the next few years? We can ignore the ZO6, just look at the price change on a well equiped coupe. Thanks.
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Old Mar 5, 2005 | 01:15 PM
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Around 3% to 4% a year.
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Old Mar 5, 2005 | 02:56 PM
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The price increase will be smaller than the decrease in value you will experience on your C5 over the same period. Buy the C6.
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Old Mar 5, 2005 | 03:40 PM
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Originally Posted by Corvette Junkie
Around 3% to 4% a year.
not bad
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Old Mar 5, 2005 | 04:56 PM
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Originally Posted by Vette junkie
The price increase will be smaller than the decrease in value you will experience on your C5 over the same period. Buy the C6.
That's exactly what I am thinking. My money in the bank might earn enough interest to keep up with the price increases, but the trade-in value of my C5 will be dropping by about $3,000 each year (Kelly Blue Book).

Of course, that logic would also support buying a new Corvette every year if ypu have the cash, which would be fun but rather expensive.
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Old Mar 5, 2005 | 06:47 PM
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Originally Posted by Vette junkie
The price increase will be smaller than the decrease in value you will experience on your C5 over the same period. Buy the C6.
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Old Mar 6, 2005 | 09:41 AM
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Originally Posted by Corvette Junkie
Around 3% to 4% a year.
Yup...
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